St. Paul daily globe., 1887-09-27
MATT CLARK FAILS.
The Transportation Company Which
Bears His Name Also Assigns.
WIG. BRONSON THE ASSIGNEE
Liabilities $50, 1000, Assets Of the Com
pany S5O,O00--The Events of a
Day in Saltwater.

The Matt Clark Transportation com
pany, who own seven steamboats,, and
who have been engaged for number of
years in doing a general towing business
from Saltwater, BeefSlough and other
points to various down-river places,
have assigned to Capt. w. q. Bronson,
of this city, for the benefit of their
creditors, none Of them being preferred.
Matt Clark, himself president and
treasurer of the company, has also as
signed personally TO the same party,
having indorSed the company'S paper
and become thereby involved. The
statement of liabilities and assets is as
follows:
Matt Clark Transportation COM
pany, estimated liabilities, $4,000.
OF this amount $4,000 is to Saltwater
down river, and is for repairs upon the
boats, fuel. supplies, labor and loans.
The assets of the company, valued at
$4,000. consist mainly of the following
steamboats,: The David Bronson,
Isaac Staples, J. X. Graves, Menomonie,
Evansville, Jennie Hayes and Bun Her
sly, which are all tied up at the bank in
this city, near where the old Staples
foundry was.
Eke liabilities of Matt Clark are not
accurately known, neither can a Sched-
ule of his assets be made at present, but
ii is understood that they consist mainly
of stocks in various Saltwater cOmpa-
nieS. pine lands, bills receivable, book
actonntS and a few logs. The full
schedule of liabilities and assets of both
the Matt Clark Transportation company
and Of Matt Clark personally will be
prepared within the required ten days,
and will be found, Mr.. Clark states, to
tally with the above statement.
The causes of the failure are said to
haye been the low water the past two
seasons and the low price of towing.
The assignments were voluntary, not a
single Judgment being dOcketed against
either the company or Mr.. Clark, and
but two suits are pending III the courts.
The probable results of the failure, SO
far aS the city is concerned, will be the
removal of portion at least of the tow
ing business from this city, as parties
below will doubtless engage in it them
selves.
OF INTEREST TO LUMBERMEN.
The following telegram, received by
Hon. f. w. Durant, will be of interest
to all lumbermen in the Northwest who
may desire to attend the annual meet
ing of their association. which is to con-
vene at Chicago on Wednesday:
Chicago Sept. 26.-As excursion tick,
cts to Chicago on account of the
exposition will be on sale at one fare
and one-third, plus 24 cents, on 9th and
2Sth, good to return until Sd, from territory
generally, and as time is short, it has been
ageed that this arrangement will suffice for
the Northwestern LumbermenS association
meeting in Chicago on the 2Sth, except that
lines which NAV not have Chicago extension
tickets on sale on these dates will probably
carry delegates at one and one-third fare on
certificate plan. Your people should accord
lngly buy exposition excursion tickets. or,
where these tickets are not on sale, should
ask for certificates, which can be had of
ticket agents. JOHN y. ABBOTT,
Chairman Railway Commission.
GENERAL AND PERSONAL.
Dr. J. c. Rhodes, who was acting surgeon
of the Ninth regiment, Minnesota volun-
teers, during part of the war of the Rebel
lion. and who came into possession of the
seal of the Union female college of Oxford,
Miss. while there. has just received letter
from Judge 4. Hill, of the United States dis
tricti court, Who iS now presiden iofs the
board of that institution, written i'll reply to
letter from the doctor to the postmaster of
thatiplace. Offering to return the relic if de-
sired. Judge Hill thanks him for the offer
and wishes it sent at their expense. The
seal Was accordingly shipped them carefully
packed. II hasialo great intrinsic value, but,
as relic of by souesgears, will he priced by
the college.
Oscar Lehmieke has just arrived from
MingusviAe, Mont, where he has been en-
gagged in the cattle ranching business He
came down with stock in charge for B. F.
Ferris, of ST. Paul, and will return this evening
He says the round up will show net loss of
fully 662s per cent. because of last winters
severe snow and cold. The cattle that did
weather ii are prime and will make magnifi-
cent beef. The loss, he thinks, throughout
the entire cattle region, in spite of more
tiattering estimates will prove fully equal to
his figures, and will prove body blow to the
stock interests of that section.
The annual meeting of the Presbyterian
Synod of Minnesota will convene in this city
on Thursday, Oct ] 3. 1t will remain in ses-
sion about one week, and those who feel cour-
teouSly disposed and will entertain one or
more of the visiting clergymen during their
stay. are requested to make the fact known
to the pastor of the First Presbyterian church
or to.any of the committee on entertainment
Abe Rohrback left yesterday fora Kansas
City, where Mike Wilkes has been entered in
the great pacing race, to take place at that
point the present week.
Robert j. Welsh and bride, nee Miss Mamie
Galillee, gave reception last evening at the
residence of the grooms parents.